STATEMENT OF FINANCIAL POSITION
SEE ACCOUNTANT’S COMPILATION REPORT
As of June 30, 2015
ASSETS
Cash and Cash Equivalents $ 1,218,435
Accounts receivable –
Governmental grants and fees 37,090
Third party and private payors 31,860
Prepaid expenses and deposits 30,329
Land, buildings and equipment –
net of accumulated depreciation 1,442,469
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TOTAL ASSETS $ 2,760,183
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LIABILITIES
Accounts payable $ 7,283
Accrued payroll and vacation payable 85,379
Accrued payroll and business taxes 8,444
Accrued expenses 509
Notes payable 123,253
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TOTAL LIABILITIES 224,868
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NET ASSETS
Unrestricted
Undesignated 1,216,099
Designated 1,319,216
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Total unrestricted net assets 2,535,315
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TOTAL NET ASSETS 2,535,315
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TOTAL LIABILITIES AND NET ASSETS $ 2,760,183
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UNRESTRICTED NET ASSETS
Support
Contributions $ 340
Grants from governmental agencies 59,963
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TOTAL UNRESTRICTED SUPPORT 60,303
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Revenue
Program service revenue
Client service revenue 1,106,965
Production revenue 82,575
Interest income 9,146
Other income 915
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TOTAL REVENUE 1,199,601
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TOTAL UNRESTRICTED SUPPORT, REVENUE
AND RECLASSIFICATIONS 1,259,904
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Expenses
Program services 796,485
Support services
Management and general 253,229
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TOTAL EXPENSES 1,049,714
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CHANGE IN UNRESTRICTED NET ASSETS 210,190
UNRESTRICTED NET ASSETS – BEGINNING OF YEAR 2,325,125
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UNRESTRICTED NET ASSETS – END OF YEAR 2,535,315
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TEMPORARILY RESTRICTED NET ASSETS
TEMPORARILY RESTRICTED NET ASSETS –
BEGINNING OF YEAR –
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TEMPORARILY RESTRICTED NET ASSETS –
END OF YEAR –
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NET ASSETS – END OF YEAR $ 2,535,315
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HAMPSHIRE COUNTY SPECIAL SERVICES CENTER, INC.
STATEMENT OF FUNCTIONAL EXPENSES
SEE ACCOUNTANT’S COMPILATION REPORT
For the year ended June 30, 2015
Direct Management
Program and
Services General Total
—————– —————– —————–
Salaries $ 537,081 $ 169,658 $ 706,739
Payroll Taxes 54,521 17,384 71,905
Fringe benefits 1,543 3,779 5,322
—————– —————– —————–
Total salaries and related
expenses 593,145 190,821 783,966
Supplies and direct expenses 36,432 – 36,432
Transportation expenses 9,723 2,431 12,154
Professional services – 21,762 21,762
Building repairs and maintenance 6,429 1,607 8,036
Equipment repairs and maintenance 423 2,132 2,555
Office supplies and expenses – 11,786 11,786
Utilities 34,622 4,168 38,790
Telephone 6,474 1,619 8,093
Insurance 7,328 1,832 9,160
Dues and subscriptions – 305 305
Advertising 941 987 1,928
Staff training, meetings and seminars 1,575 – 1,575
Miscellaneous – 3,202 3,202
Health care taxes 48,809 – 48,809
Other taxes & licenses 10 43 53
Interest 3,961 340 4,301
—————– —————– —————–
Total expenses before
depreciation 749,872 243,035 992,907
Depreciation expense 46,613 10,194 56,807
—————– —————– —————–
Total Expenses $ 796,485 $ 253,229 $ 1,049,714
—————– —————– —————–
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CASH FLOWS FROM OPERATING ACTIVITIES
Change in net assets $ 210,190
Adjustments to reconcile change in net assets to
net cash used in operating activities:
Depreciation 56,807
Increase in accounts receivable (18,742)
Increase in prepaid expenses and deposits (21,013)
Decrease in accounts payable (1,190)
Increase in accrued payroll and vacations payable 33,216
Decrease in accrued payroll and business taxes (1,592)
Decrease in accrued expenses (79)
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NET CASH PROVIDED BY OPERATING ACTIVITIES 257,597
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CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of land, buildings and equipment (77,546)
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NET CASH USED IN INVESTING ACTIVITIES (77,546)
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CASH FLOWS FROM FINANCING ACTIVITIES
Restricted contributions expended for long-term purposes
Acquisition of land, buildings, and equipment
New Borrowing:
Short-term –
Long-term –
Debt Repayment:
Short-term –
Long-term (31,662)
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NET CASH PROVIDED BY FINANCING ACTIVITIES (31,662)
—————–
NET INCREASE IN CASH 148,389
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CASH – BEGINNING OF YEAR 1,070,046
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CASH – END OF YEAR $ 1,218,435
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SUPPLEMENTAL DISCLOSURES:
Interest paid $ 4,170
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Hampshire County Special Services Center, Inc., is a private, non-profit organization under IRS Code 501-C-3. Details of this advertisement are available for public review at the Health Care Cost Review Authority, 100 Dee Drive, Charleston, WV 25311.
11-11-1c
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